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Rokmaster Announces $8.5M Financing with a Strategic Investment by Crescat Capital
Rokmaster Announces $8.5M Financing with a Strategic Investment by Crescat Capital ...
About this update from Rokmaster Resources Corp.
[{"type":"text","content":"\n \n \n \n Rokmaster Announces $8.5M Financing with a Strategic Investment by Crescat Capital\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 15, 2020\n \n /CNW/ - Rokmaster Resources Corp. (TSX: RKR) (OTCQB: RKMSF) (FSE: 1RR1)\n \n (\"Rokmaster\"\n \n or the\n \n \"Company\")\n \n is pleased to announce that Ascenta Finance Corp. (\"\n \n Ascenta\n \n \") has arranged a non-brokered financing (the \"\n \n Financing\n \n \") for a total of up to\n \n $8,500,000\n \n involving the sale of flow-through units (the \"\n \n FT Units\n \n \") and non-flow-through units (the \"\n \n NFT units\n \n \").\n \n \n Crescat Capital LLC\n \n (\"Crescat\")\n \n has agreed to make a strategic investment in Rokmaster that will net the Company\n \n $2,750,000\n \n . Crescat will have an option to participate in future financings to maintain its interest in the Company for a three year period from the date of closing.\n \n \n \"Crescat is taking an activist approach to investing in the precious metals mining industry. Our goal is to identify and invest in a portfolio of big, high-grade discoveries in the hands of undervalued juniors where we can help unlock value. We are very impressed with the grade and volume of gold and silver as demonstrated in Rokmaster's recently announced news release dated\n \n December 8, 2020\n \n summarizing PEA results and the ability to increase the existing mineral resource on short order\" said\n \n Kevin Smith\n \n , Crescat's founder and Chief Investment Officer.\n \n \n Dr.\n \n Quinton Hennigh\n \n is the technical consultant for all of Crescat's gold and silver mining investments. Dr. Hennigh is a world-renowned exploration geologist with more than 30 years of experience including with major gold mining firms Homestake Mining, Newcrest Mining, and Newmont Mining. Dr. Hennigh stated \"Rokmaster's Revel Ridge Project - Main Zone displays geological similarities to several large, deep-rooted mesothermal precious metal-polymetallic lode systems such as the famous Coeur d'Alene district in\n \n Idaho\n \n...